Nigerian Naira Inflation Calculator
₦10,000 in 1959 has the same buying power as ₦159,720,008 in 2026.
Convert Nigerian Naira between any two years
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₦10,000 in 2001 is worth ₦283,629 in 2026
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Inflation analysis
Inflation in Nigeria
Nigeria inflation is 16.00% in 2026, following 23.01% in 2025. 68 years of data are available, from 1959.
This page covers 68 years of Nigeria consumer price data, from 1959 to 2026. The steepest single year on record was 1995, when consumer prices in Nigeria rose 72.8%. A rate that high compounds brutally: at that pace money loses about half its value every two years.
Prices fell in 3 of those 67 years — about 4% of the time — most sharply in 1967, when they dropped 3.7%. In a year like that money gained purchasing power rather than losing it. By decade, the 1990s were the most inflationary stretch, averaging 30.6% a year, while the 1960s were the calmest at 3.5%. Over the last ten years inflation has averaged 18.6% a year, above the 16.4% average across the whole record.
Nigeria CPI and inflation rate by year
The full annual series behind this calculator, from 1959 to 2026. The final column shows what ₦10,000 in that year is worth in 2026 money.
| Year | CPI index | Inflation | ₦10,000 then, in 2026 |
|---|---|---|---|
| 2026 | 627.91 | 16.00% | ₦10,000 |
| 2025 | 541.31 | 23.01% | ₦11,600 |
| 2024 | 440.05 | 33.24% | ₦14,269 |
| 2023 | 330.26 | 24.66% | ₦19,012 |
| 2022 | 264.93 | 18.85% | ₦23,701 |
| 2021 | 222.92 | 16.95% | ₦28,168 |
| 2020 | 190.61 | 13.25% | ₦32,943 |
| 2019 | 168.31 | 11.40% | ₦37,307 |
| 2018 | 151.09 | 12.10% | ₦41,558 |
| 2017 | 134.79 | 16.50% | ₦46,585 |
| 2016 | 115.70 | 15.70% | ₦54,272 |
| 2015 | 100.00 | 9.01% | ₦62,791 |
| 2014 | 91.74 | 8.05% | ₦68,449 |
| 2013 | 84.90 | 8.50% | ₦73,957 |
| 2012 | 78.25 | 12.22% | ₦80,240 |
| 2011 | 69.73 | 10.83% | ₦90,049 |
| 2010 | 62.92 | 13.74% | ₦99,798 |
| 2009 | 55.32 | 12.54% | ₦113,510 |
| 2008 | 49.16 | 11.58% | ₦127,742 |
| 2007 | 44.05 | 5.39% | ₦142,538 |
| 2006 | 41.80 | 8.23% | ₦150,215 |
| 2005 | 38.62 | 17.86% | ₦162,574 |
| 2004 | 32.77 | 15.00% | ₦191,615 |
| 2003 | 28.50 | 14.03% | ₦220,354 |
| 2002 | 24.99 | 12.88% | ₦251,274 |
| 2001 | 22.14 | 18.87% | ₦283,629 |
| 2000 | 18.62 | 6.93% | ₦337,160 |
| 1999 | 17.42 | 6.62% | ₦360,536 |
| 1998 | 16.34 | 10.00% | ₦384,398 |
| 1997 | 14.85 | 8.53% | ₦422,824 |
| 1996 | 13.68 | 29.27% | ₦458,890 |
| 1995 | 10.59 | 72.84% | ₦593,200 |
| 1994 | 6.12 | 57.03% | ₦1,025,260 |
| 1993 | 3.90 | 57.17% | ₦1,609,983 |
| 1992 | 2.48 | 44.59% | ₦2,530,334 |
| 1991 | 1.72 | 13.01% | ₦3,658,580 |
| 1990 | 1.52 | 7.36% | ₦4,134,451 |
| 1989 | 1.41 | 50.47% | ₦4,438,928 |
| 1988 | 0.94 | 54.51% | ₦6,679,108 |
| 1987 | 0.61 | 11.29% | ₦10,319,972 |
| 1986 | 0.55 | 5.72% | ₦11,485,130 |
| 1985 | 0.52 | 7.44% | ₦12,141,752 |
| 1984 | 0.48 | 17.82% | ₦13,044,533 |
| 1983 | 0.41 | 23.21% | ₦15,369,139 |
| 1982 | 0.33 | 7.70% | ₦18,936,674 |
| 1981 | 0.31 | 20.81% | ₦20,394,371 |
| 1980 | 0.25 | 9.97% | ₦24,639,016 |
| 1979 | 0.23 | 11.71% | ₦27,096,083 |
| 1978 | 0.21 | 21.71% | ₦30,268,961 |
| 1977 | 0.17 | 15.09% | ₦36,840,124 |
| 1976 | 0.15 | 24.30% | ₦42,398,501 |
| 1975 | 0.12 | 33.96% | ₦52,701,337 |
| 1974 | 0.09 | 12.67% | ₦70,600,918 |
| 1973 | 0.08 | 5.40% | ₦79,549,156 |
| 1972 | 0.07 | 3.46% | ₦83,846,930 |
| 1971 | 0.07 | 16.00% | ₦86,746,063 |
| 1970 | 0.06 | 13.76% | ₦100,624,666 |
| 1969 | 0.05 | 10.16% | ₦114,467,681 |
| 1968 | 0.05 | -0.48% | ₦126,092,995 |
| 1967 | 0.05 | -3.73% | ₦125,492,718 |
| 1966 | 0.05 | 9.69% | ₦120,816,437 |
| 1965 | 0.05 | 4.10% | ₦132,523,968 |
| 1964 | 0.05 | 0.86% | ₦137,962,034 |
| 1963 | 0.05 | -2.69% | ₦139,144,083 |
| 1962 | 0.05 | 5.27% | ₦135,394,630 |
| 1961 | 0.04 | 6.28% | ₦142,524,013 |
| 1960 | 0.04 | 5.44% | ₦151,473,306 |
| 1959 | 0.04 | — | ₦159,720,008 |
Popular Nigerian Naira comparisons
- ₦10,000 in 2025 → ₦11,600
- ₦10,000 in 2024 → ₦14,269
- ₦10,000 in 2023 → ₦19,012
- ₦10,000 in 2022 → ₦23,701
- ₦10,000 in 2021 → ₦28,168
- ₦10,000 in 2020 → ₦32,943
- ₦10,000 in 2010 → ₦99,798
- ₦10,000 in 2000 → ₦337,160
- ₦10,000 in 1990 → ₦4,134,451
- ₦10,000 in 1980 → ₦24,639,016
- ₦10,000 in 1970 → ₦100,624,666
- ₦10,000 in 1960 → ₦151,473,306
Browse every year
A detailed page for each start year, from 1959 to 2025.
1950s
Nigeria inflation FAQ
- What is the current inflation rate in Nigeria?
- Nigeria inflation was 16.00% in 2026, the most recent year in this dataset, measured as the change in the annual average consumer price index from 2025.
- How much has Nigerian Naira lost in value since 1959?
- ₦10,000 in 1959 has the same purchasing power as ₦159,720,008 in 2026. That is cumulative inflation of 1,597,100.08% over 67 years, an average of 15.54% per year.
- What years does this Nigeria inflation calculator cover?
- This calculator covers 68 years, from 1959 to 2026. You can convert an amount between any two years in that range.
- Can Nigerian Naira inflation be negative?
- Yes. Negative inflation, or deflation, means prices fell and Nigerian Naira gained purchasing power over that year. Nigeria recorded deflation in 3 of the 67 years measured here, most recently in 1968. The steepest fall was -3.73% in 1967.
- What is the difference between CPI and the inflation rate?
- The consumer price index (CPI) is a level: it measures the cost of a fixed basket of goods and services in a given year. The inflation rate is the percentage change in that level between two periods. This calculator uses the ratio of CPI values for your two chosen years to convert an amount between them.
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